Nvidia founder, President and CEO Jen-Hsun Huang
Nvidia stock went from a 3% gain to a 2% loss in extended trading on Wednesday, after CEO Jensen Huang told analysts on an earnings call that he does not expect the company’s business of selling processors to cryptocurrency miners to “grow extremely large.”
Nvidia beat elevated analyst expectations for both earnings and revenue for the fourth quarter of its fiscal year, which ended in December.
Here’s how Nvidia did:
- Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by analysts, according to Refinitiv.
- Revenue: $5.00 billion, versus $4.82 billion as expected by analysts, according to Refinitiv.
Earlier this week,…